Meanwhile, Sunshine Power, an investment vehicle held in trust for CLSF LLP, has entered into a cornerstone subscription agreement with GVT to subscribe for 5.1 million shares at the same price.
SINGAPORE (Jan 15): Grand Venture Technology (GVT), the homegrown manufacturing solutions and services provider, on Tuesday registered its offer document with the Singapore Exchange for an initial public offer (IPO) on the Catalist board.
GVT will be selling 42.9 million new shares at 27.5 cents each, representing 18.3% of the the group’s post-invitation share capital of 234.3 million shares. Of these, 800,000 shares will be sold by way of public offer while the remaining 42.1 million placement shares placed out to investors.
